Felt bicycle sold for the third time in 6 years
Felt Bicycles will have new ownership in 2024 as it will be sold by Pierer Mobility to a new independent ownership group.
Pierer Mobility noted in announcing its plans that it faces industry headwinds. Florian Burguet, currently Chief Sales Officer for New Mobility at KTM (a division of Pierer Mobility), will be leaving his current position to take the reins of the consortium acquiring Felt Bicycles. Through this and other divestitures, Pierer plans to completely exit all segments other than electric bicycles by spring 2024.
Felt was first acquired by Rossignol Group in 2017. Rossignol retained ownership of Felt until 2021, when the deal with Pierer was announced.
Buckingham hit by car while leading at Bahrain 70.3
Lucy Buckingham is recovering from minor injuries sustained in a collision with a car during this weekend’s Ironman 70.3 Bahrain.
Buckingham took an early lead in the swim and bike, opening up a significant lead over pursuers Caroline Paul and Kat Matthews. According to reports, an accident occurred between two cars, one of which entered a cone-shaped section of the bike course, and Buckingham landed on the bonnet of one of the cars.
Buckingham was able to continue the race, but due in part to the injuries he sustained in the collision, he ultimately fell back to seventh place.
